Saba Capital Management, L.P., a significant stakeholder in BlackRock ESG Capital Allocation Term Trust, has executed a series of divestitures involving the trust's common stock. The transactions, which totaled $779,453 in value, were completed over two separate trading days in mid-June. This activity reduces the firm's overall position in the trust, which the entity identifies as a ten percent owner.
The initial transaction occurred on June 17, 2026, when Saba Capital Management disposed of 10,034 shares. These shares were sold at a price of $15.35 per share. The following day, June 18, 2026, the firm executed a second round of sales, offloading an additional 40,481 shares. These subsequent shares were transacted at a price of $15.45 per share. Collectively, the divestitures span a price range of $15.35 to $15.45 per share.
At the time of these transactions, ECAT was trading at $15.47 per share, contributing to a total market capitalization of $1.55 billion for the trust. The trust has delivered a strong 22% return over the past year and pays a significant dividend to shareholders with a yield of 20.86%, according to InvestingPro, which offers access to over 15 additional ProTips and comprehensive financial metrics for deeper investment analysis.
Following these sales, Saba Capital Management, which is identified as a ten percent owner of BlackRock ESG Capital Allocation Term Trust, holds 18,309,880 shares indirectly.